Proactive Investors - Some London IPO news is emerging that might be linked to the new-found optimism that's crept into the FTSE.
Chinese online fashion group Shein is reported to be on the verge of getting the OK from Beijing and filing its application with the London Stock Exchange this month, according to Reuters.
After examining a New York listing but getting a stony-faced reaction from regulators and politicians, investment banks and lawyers in the City have now been hired for what would be a sizeable IPO, with the fast-fashion retailer reportedly valued at $66 billion (£53 billion) last year.
Reuters says the US IPO plans, possibly for a secondary listing in future, are still being kept alive in case of a regulatory shift.
New stories are also emerging about Raspberry Pi considering a London float too,
Boss Eben Upton, who has mentioned the possibility of an IPO earlier this year, for a company that in its last fundraising round was valued at just over £440 million.
The Cambridge outfit could list within the next 10 days, according to a Sunday Times report, with the valuation having risen to around £500 million.
FTSE to pause for a breather
FTSE 100 was set to pause for breath on Monday after last week’s record-breaking run.
London’s blue-chip index was set to drop around ten points at the open, according to financial spread firms, from the new closing high on Friday of 8,433.76.
It’s a busy week for UK company announcements with BT (LON:BT), easyJet (LON:EZJ), Flutter (LON:FLTRF), Currys (LON:CURY) and Greggs (LON:GRG) all reporting.
Paddy Power owner Flutter is likely to bring the topic of the value of a London listing back into focus after its decision to shift its main quote to the US.
Asian markets should help the mood with the inflation number giving China a lift, though Japan was more muted ahead of this week’s US CPI number.